Multi Family
Please call for details!
541-382-8223 or 1-800-308-9177
Hotel
Please call for details!
541-382-8223 or 1-800-308-9177
SBA
If you are looking to expand your small business, purchase real estate, or do a
business acquisition, we have money available for small businesses through the
SBA 7(a) and 504 loan programs. SBA guaranteed loans can now be processed rather quickly with the PLP
status. SBA also offers conventional loans up to $2.5 million for the purchase of
owner-occupied commercial real estate, and a wonderful franchise-financing
program with loans up to $20 million.
90% COMMERCIAL REAL ESTATE
LOANS!
Loan Size: $250,000 to $3,000,000
Term: 25 Years
Rate: Variable
rates based on prime rate. Fixed
rates available on some programs.
Fee: Based on guaranteed portion of loan, typically 2% - 2.25%
PURPOSE:
Construction or renovation of Owner-Occupied Business Real Estate
Purchase of owner-occupied real estate: 90% LTV for Established businesses
Refinance of real estate. Requires existing debt to balloon within 12 months, or new loan must achieve a 20% reduction in payments.
REQUIREMENTS:
51% OWNER-OCCUPANCY (67% if new construction)
Business must qualify for entire debt with a coverage of 1.1X or higher
SPECIALTY PROGRAMS:
Lease option purchase: 100% financing of real estate under a lease option
Hotel/Motel Financing: Franchise Flagged Hotels-85% purchase or new construction
Service Station & C-Stores: Major Gasoline Brands Only. Up to 90%
Dentists / Veterinarians: 100% Financing Real Estate and Equipment
Assisted Living Facilities: 80% - 90% Financing Real Estate and Working Capital
Business Acquisition: 85% Financing of business with or without real estate
SBA LOAN BENEFITS:
Construction and Permanent loan all in one. Only one closing!
Increased cash flow through extended repayment terms.
No prepayment penalties & Fully amortized with no balloon payments
Competitive rates
Retail Center
Please call for details!
541-382-8223 or 1-800-308-9177
Purchase
90% Stated income. Stated income loans are readily available
in the market today. In years past stated income loans and no income verification
loans were very expensive and hard to qualify. Today, stated income loans are
very reasonably priced and much easier to qualify.
Easy to qualify for more
home
Self-employed is O.K.
100% financing is available. In many cases the total amount required to close on our 100% special is equivalent to one rent deposit refund.
600 Minimum credit score (No bankruptcy in the last year)
Self-employment is O.K.
Same type of work for 2 years
Up to 5 acres is acceptable
It’s a great program
Our “No fee 30 year fixed” program. With the recent increase of interest rates a no fee loan may be in order. With a slightly higher interest rate than the equivalent loan with fees, our no fee loan allows our borrowers the ability to either spend more on a home, or simply save the closing costs.
No closing costs means more
options if rates retreat in the future
30 year fixed offers protection if rates continue higher for an extended time
Adjustable Rate Mortgage. Adjustable Rate Mortgages (ARMS) are becoming more popular today as fixed rates have moved slightly higher. ARMS in some cases can help a client qualify for more home.
Low Start rate on the ARM
helps qualify for more home
ARMS adjust with the market which means they can float lower as well
Typically ARMS have lifetime caps
Refinance
80% Cash out refinance.
In years past 75% was the cash out limitation.
Today we can provide cash out at closing on a refinance up to 80% with no
mortgage insurance (MI).
Good loan to consolidate bills
90% Stated income. Stated income loans are readily available in the market today. In years past stated income loans and no income verification loans were very expensive and hard to qualify. Today, stated income loans are very reasonably priced and much easier to qualify.
Easy to qualify for
more home
Self-employed is O.K.
Our “No fee 30 year fixed” program. Generally speaking this option is perfect for a client that is coming up on a balloon payment or is in need of a rate reduction from their previous loan. With the no cost option it makes it easy to lower the rate without feeling like you’re going broke to do it .
No closing costs means more options if rate retreat in the future
30 year fixed offers protection if rates continue higher for an extended time
Adjustable Rate Mortgage. Adjustable Rate Mortgages (ARMS) are becoming more popular today as fixed rates have moved slightly higher. ARMS in some cases can help a client qualify for more home.
Low Start rate on the ARM helps qualify for
more home
ARMS adjust with the market
which means they can float lower as well
Typically ARMS have lifetime cap
Please
call for details!
541-382-8223 or 1-800-308-9177
UPDATED PROGRAM FOR PURCHASING UNIMPROVED PROPERTY!
This is a 3 year, INTEREST ONLY monthly loan with a down-payment of only 20%. Generally, the interest rate is 1% over the current 30-year conforming rate.